Aerospace and defense giant
Lockheed Martin Corporation
) got a one-year contract extension valued at $22 million from
the National Aeronautics and Space Administration (NASA). Per the
extension, Lockheed will continue to support cargo delivery to
and from the International Space Station (ISS).
The Cargo Mission Contract 2 will start from April 1, This is the
first of four options of the original contract awarded in Dec
ISS is a center for ongoing space research and scientific
experiments. Astronauts living in space stations need ground
support to sustain and carry out scientific work. Per the
contract modification, Lockheed will look to buying, maintaining
and preparing items for the ISS crew such as clothing,
housekeeping and personal hygiene items, laptop computers and
audio and visual equipment.
Lockheed was already looking after planning, coordination,
preparation and packing of standardized containers for cargo
delivery to and from the ISS. Per the Cargo Mission
Contract, Lockheed is managing and storing more than 3 million
items for the ISS crew.
Lockheed by virtue of its expertise and technical knowhow
provides affordable and suitable solutions for the ISS.
Indeed, the company has a long history of effectively supporting
space missions - cargo handling forms an integral part of these
There is a buzz in the space industry about a possible future for
the space tourism business. Quite a few companies are working on
different models and are planning to begin space tourism before
the end of this decade. Lockheed with its experience and
expertise in efficiently handling the ISS cargo is likely to play
a significant role in the space tourism industry once it gets
Lockheed currently has a Zacks Rank #2 (Buy). Other players in
the aerospace and defense industry, which look attractive at
current levels, include
Huntington Ingalls Industries, Inc.
Wesco Aircraft Holdings, Inc.
Northrop Grumman Corporation
). Huntington Ingalls and Wesco Aircraft carry a Zacks Rank #1
(Strong Buy) while Northrop holds a Zacks Rank #2 (Buy).
HUNTINGTON INGL (HII): Free Stock Analysis
LOCKHEED MARTIN (LMT): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
WESCO AIRCRAFT (WAIR): Free Stock Analysis
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